Exceptional Commercial Opportunity in Heart of Downtown Hilo

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Office For Sale

138 KAMEHAMEHA AVE

Hilo, Hawaii 96720

Ocean View: Yes

Community: HILO TOWN

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$1,775,000 0 br, 1.0 bath 17993 sq. ft. 0.323 acres

Exceptional Commercial Opportunity in Heart of Downtown Hilo Property Overview Located at 144 Kamehameha Ave, this substantial asset represents a rare acquisition in East Hawaii's premier business district. The property encompasses approximately 13,539 square feet of building area, complemented by an expansive 4,231 square foot mezzanine designed for storage and receiving operations. Operational efficiency is enhanced by a side easement driveway, providing truck access. The CDH (Downtown-Hilo Commercial District) zoning offers versatile commercial potential, allowing for various uses to be verified through buyer due diligence. Its proximity to the Hilo waterfront and local amenities makes it an ideal choice for owner-users or investors looking for a strategic repositioning project. The property is offered in as-is condition. Property Highlights - Prime Downtown Hilo location on Kamehameha Avenue - Zoned CDH - Approx. 13,539 SF building area per tax records - Additional approx. 4,231 SF mezzanine area - Mezzanine suited for storage and receiving - Side easement driveway - Access suitable for trucks - Large commercial footprint in central Hilo - Near the Hilo Farmers Market, waterfront, restaurants, retail, and services - Potential owner-user or investment opportunity - Possible repositioning potential, subject to buyer verification - Property offered as-is - Building has office spaces, huge storage rooms, massive retail area and so much potential for owner to create an *all-in'one* location. - Sale includes Tax Map Keys (3) 2-3-07: 09 & (3) 2-3-07: 39. - Phase I & II Environmental Site Assessment Reports completed Amazing opportunity to purchase a prime property located on Kamehameha Avenue, across the street from Hilo Bayfront, in the center of Hilo's business and tourist activities. Buyers are to do their own due diligence with regards to the information provided.

Interior:
  • Bedrooms: 0
  • Baths: 1.0
  • Sq Ft: 17993
  • Year Built: 1941
  • Utilities: 
  • Fireplaces: 
  • Stories: 
  • Heat/AC: 
  • Garage: 
Exterior:
  • Lot Size: 0.323 acre
  • Lot Dimensions: 
  • View Types: Ocean
  • Yard: 
  • Siding: 
  • Roof: 
  • Property Taxes: $1,620
  • MLS #: 727693
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Contact Information:
Beach Office For Sale in Hilo, Hawaii
Listing Agent: Cathy Fedak, Hilo Bay Realty, 808-936-3982, 808-965-9903 Listing Site, Listing Status: Active
Copyright © 2026 Hawaii Information Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 7528413
Viewed 80 times.
Updated: Apr 11, 2026

This property is a Office located at 138 KAMEHAMEHA AVE, Hilo, Hawaii 96720, and is currently For Sale at $1,775,000. This Office has 0 bedrooms, 1.0 baths, 17993 sq ft.